1M a month? LMMs? http://www.ft.com/intl/cms/s/0/08e63758-06d2-11e3-9bd9-00144feab7de.html#axzz2cQNUPT5F
ICE in control atm although it was so blatant in WTI a few weeks ago I think they must have been asked to tone it down somewhat. Hey CME; instead of rewarding LMM'ers with such advantages... Why not make it a bit cheaper for retail to trade, huh? CL contract is just used as a risk disposal endpoint for ICE commercials. IMHO. That's fair enough, isn't it? If there's risk to take: let's take it on... and if there isn't; then it can just go higher, right ?
cant open article.. what is LMM'rs Agree commericals hedge OTC the "contract" is just a place to push around when they can